Chief Stipe

Anyway back to the Topic. Spreadsheet attached showing the cost per employee were derived. NZ Thoroughbred Training Fees.xlsx

@Joe Bloggs 40 years ago everyone was at not just the horse industry. Hell @Reefton can attest to that having first hand knowledge of some of the rorts that were going on on the West Coast. Is there still a three story building in Hokitika built on the back of an Accounting Firms sharemarket rort? Suggest you get up to date.

Call me naive if you wish however the point I made is that NZB are not carrying anyone for very long. You can't afford to with a race horse which can lose its value much much quicker than one of Giltrap's Merc's. Of course you are embellishing and exaggerating to make a point - really "a million pin hookers"? NZB's term's and conditions are tighter than a ducks arse and they are ruthless in enforcing them. https://www.nzb.co.nz/finance-services Just like their Premier yearling selection they are very very selective on what type of horse they finance. No doubt you need guarantee's up to your ying yang as well. So you will need some very good guarantee's to secure finance and as a business model borrowing money to fund horse purchases is a slippery slope to a lot of tears. Not so much in OZ. Yes costs are rising in OZ but not as fast as in NZ. The market in OZ is still bullish fuelled by the extraordinary increases in stake money. You only have to look at the current seasons sales to see that.

@Reefton the inference from @billy connolly was that NZ Bloodstock "carry" Te Akau. That isn't true. Yes NZB can offer finance AND come to short term arrangements - no different to any other business. But they don't do that for free. Your reference to the "very prominent buyer/syndicator" requiring a guarantor proves my point. NZB aren't in the business of "carrying anyone" for very long. My understanding is each year Te Akau put their own capital at risk NOT NZ Bloodstock's. I might add it is nowhere near the capital being risked by some of the big Ozzie trainers and Syndicators. As yet Te Akau haven't been caught short. However even they would agree there are head winds on the horizon in NZ. Exactly. I agree 100% it is THEIR business. However I've been reliably informed that Te Akau don't go past the standard 30 days. When you think about it - it is the only way to run a business in the racing industry. Very quickly you can come unstuck if you are relying on sweet deals and terms to give you time to syndicate your horses. Been many an example of that in the industry - Bart Cummings and Gai Waterhouse spring to mind. You can't just leave a growing yearling in the paddock.

Isn't that like most racing identities and active participants? Seems to me everyone is too scared to say anything "to rock the boat" until they are about to board a plane for OZ or have hung the bridle on the wall in retirement!

Te Akau's owner churn can't be too bad. I know someone who has tried to buy a share or two in the last two seasons and has missed out because the syndicates were full. So that would indicate that there is not much churn because attracting new players in the current economic environment and the public perception of racing would make it extremely difficult to sign up newbies. As for "fluking" a winner - it seems that Te Akau have at least 2 or 3 of those a year! Is it any better or worse elsewhere? If you were "well heeled" wouldn't you be better to take 5% in 10 Te Akau horses than buy 50% of one with someone else given Te Akau's record? You know the odds of getting a horse that can even win a race is very long. I would say that the biggest determinate of customer churn in the coming two years will be the economy. Te Akau have been surprisingly loyal to the NZ Racing industry but I can't see how that can continue forever given the huge difference in stakes between here and Australia. I was very surprised that Jamie Richards chose to go to Hong Kong and not carry the Tangerine flag to a satellite stable in Australia. I give Jamie no more than two seasons in Hong Kong.

NZ Bloodstock don't offer Te Akau any better payment terms than any of their other major customers. Payment in full within 30 days. As for playing with other peoples money isn't that what every Syndicator does? The Syndicator takes a risk and then has to sell the shares. For that matter isn't that what a lot of Trainers do? Play with other people's money? Isn't that covered by purchasing Ready-To-Run horses? Te Akau uses the same model as Waller, Maher, Waterhouse and others in OZ. Surely you are not suggesting that more poaching should occur?

Yet at least one stable is very successful using that model of operation and have a solid loyal and large customer base.

Basically he is going to give us more of the same. FFS can't they see it hasn't worked and isn't going to work. I wish they'd wake up and do the complete opposite of what they are doing. More stakes on Premier days isn’t going to do anything if you are not providing funding to get horses through the grades. As for investing the capital to generate a revenue stream. Did they ever think of making changes to the core product so it generated revenue to fund itself?

Exactly. Probably on their bullshit budget. Less revenue this year from racing than last year BUT the TAB is up on budget. Where is @JJ Flash and his McKenzie drum?

Clipped it for you.

Video edited to only cover Sharrocks interview.....

Easy peasy.....just have 500 member syndicates!

Seriously, contrary to the popular view that some of the big stables are raking it in on fees they only make profits on stakes won and sales. A precarious position I might add but is reflective of how the entire industry is being run by cross subsidisation.

Simple Pam. Don't charge for you own time and have a primary source of income that isn't from training racehorses. Then your personal return from training will be the trainers % of the stakes your horses win. Oh and clip the ticket on sales.

Apparently interim High Court decision in Wigg's favour.

Well is what I posted the facts or incorrect? HRNZ have changed the universal birth date to 1 January and the two fillies were November foals. I await your erudite response.

I had a better time backing the Tavistock's. Queensland Derby plus 3 at Mildura. They come into their own at this time of year. Tavistock will be missed a lot longer than RdC.

NZMTC 27 May 2022 – R1 – Colin DeFilippi ID: RIB9215 Respondent(s): Colin DeFilippi - Driver Applicant: Mr Paul Williams, Stipendiary Steward Adjudicators: Dave Anderson Persons Present: Mr Williams, Mr DeFilippi Information Number: A16146 Decision Type: Adjudicative Decision Charge: Using whip with more than a wrist flicking motion. Rule(s): 869(2) Plea: Admitted Stewards Report Results Animal Name: WINEGUM Code: Harness Race Date: 27/05/2022 Race Club: NZ Metropolitan Trotting Club Inc Race Location: Addington Raceway - 75 Jack Hinton Drive, Addington, Christchurch, 8024 Race Number: R1 Hearing Date: 27/05/2022 Hearing Location: Addington Raceway - 75 Jack Hinton Drive, Addington, Christchurch, 8024 Outcome: Proved Penalty: Driver, Colin DeFilippi suspended for 4 days Summary of Facts: Following the running of Race 1, the Respondent, Mr Colin DeFilippi admitted a breach of Whip Rule 869(2). The particulars of the charge are that “the whip was used with more than a wrist flicking motion in the home straight ”. Rule 869 provides that: (2) No driver shall during any race use a whip in a manner in contravention of the Use of the Whip Regulations made by the Board. Stipendiary Steward, Mr Paul Williams used available video footage to demonstrate the breach. He pointed to Mr DeFilippi using his whip in a complaint style early in the run home and then striking his horse 5 times which the Stewards believe were outside the Regulations before returning to an acceptable manner close to the winning post. In response, the Respondent advised the Adjudicative Committee he was in a tight finish and his horse was a “thinker”. He said if his actions constitute a breach of the Rules he would have to consider not carrying a whip. Decision: The charge is admitted and therefore proved. Submission For Penalty: Mr Williams produced the Respondent’s Mr DeFilippi’s record which indicated a warning and 2 low-range breaches in the last 6 months for which a $200 fine and a 3-day suspension were imposed. Mr Williams said that Stewards assessed the breach to be medium-level and submitted that it be dealt with by way of suspension in the 4 to 5 day range. The Respondent made no submissions on penalty. If a suspension is proposed a 6-day deferment is sought to enable confirmed driving engagements at the NZMTC meeting on 2 June to be met. Reasons For Penalty: After consideration of the evidence from all parties concerned and viewing the Race films of the concluding stages of the race the Adjudicative Committee assessed the breach at a medium level. A medium-level breach is defined as when a driver inadvertently reverts to the old style (freehand, loose reining, and/or more than a flicking motion) and continues to drive in this manner for some distance (50 metres) before taking corrective steps to return to a compliant style of driving. Aggravating factors are Mr DeFilippi is a repeat offender and has struck his drive 5 times which were well outside of the Whip and Rein Regulations. Mr Defilippi has admitted the breach and has shown genuine remorse for his actions which the Adjudicative Committee appreciated, but under the Guidelines holds no weight when considering Penalty. Having considered all factors, the Adjudicative Committee deemed a suspension to be an appropriate penalty. Conclusion: The Respondent is granted a deferment and is suspended for a period of 4 days commencing 3 June 2022 and concluding 17 June 2022.

World’s greatest ever jockey Lester Piggott dies, aged 86 www.racenet.com.au Tributes are flowing from around the world for Lester Piggott, named by many as the greatest jockey ever after his passing aged 86. The legendary British rider rode for almost 50 years amassing 4493 winners and was crowned champion jockey 11 times. Piggott, who rode a record nine Derby winners died peacefully in the early hours of this morning in Switzerland where he lived the later part of his life. The winner of more than 300 Group 1 races around the world Piggott starting his career as a 10 year-old working for his father’s stable and rode his first winner aged 12 in 1948 on a horse called The Chase at Haydock Park. Piggott also rode a staggering 116 Royal Ascot winners and a record 30 English Classics with his nine Derby winners complemented by eight St Legers, six Oaks, five 2000 Guineas and two 1000 Guineas. Nicknamed ‘The Long Fellow” due to his height (173cm) Piggott struggled to keep his weight down below 54kg but this never stopped him becoming the third winningest jockey in British racing history behind Sir Gordon Richards (4870) and Pat Eddery (4633). Piggott retired in 1985 to become a trainer but that was short-lived when he was convicted of tax fraud and jailed, along with being stripped of his OBE. He was released from jail after serving 366 days in prison. Piggott then went back to the saddle in 1990 and incredibly won the Breeders’ Cup Mile at Belmont Park on Royal Academy only 10 days after returning to race riding. He rode his last winner in Britain in October 1994 with his last ride at ‘home’ in November the same year. Piggott then briefly rode selectively abroad into 1995 including winning the Black Opal Stakes at Canberra on Zadok in March that year. Some of the most Some of the most notable horses Piggott was associated with over his career included the last horse to win the English Triple Crown Nijinsky, Sir Ivor, Alleged, The Minstrel, Rodrigo de Triano, Never Say Die, Petite Etoile, St Paddy, Never Say Die, Teenoso, Empery, Shadeed and Royal Academy. Champion jockey Frankie Dettori told Racing TV: “Lester was very special and was one of my heroes. I was one of the lucky ones (to have ridden against him). I was in that race he won on Royal Academy (Breeders’ Cup) and I’ve never seen anything like it in my life. A month out of retirement and he did what he did, it proves what a legend he was.” William Haggas, son-in-law of Lester Piggott, is well known to Australian’s as the trainer of two-time Queen Elizabeth Stakes winner Addeybb and he confirmed Lester had died peacefully in Switzerland. It was only last Friday Shane Dye wrote in his exclusive Racenet column that he rated Piggott as the greatest jockey he had ridden against. “Lester was so good with the stick, they responded to it. I rode against Lester in different countries towards the end of his career,” Dye recalled. “There has never been a jockey as strong as Lester in the finish. He had a long stick and he would turn around in the saddle, the whole stick would go behind the horse. “Lester rode very very short, all of his weight was above the wither and forward – he sat high in the saddle. “He was also very tough in a race and wouldn’t give you an inch – as an 18 year-old, he was suspended for six months for riding too tight and causing too much interference.” Read all of Shane Dye’s thoughts on Lester Piggott. Lester Piggott, aged 12, sitting on a fence at his fathers stables at Lambourn. The age at which he rode his first winner. pic.twitter.com/jAt8vvo1kN — Sporting Life Racing (@SportingLife) May 29, 2022 Legend. RIP Lester Piggott pic.twitter.com/DHmpnzi7Ol — At The Races (@AtTheRaces) May 29, 2022 Lester Piggott and Sir Henry Cecil – two greats of the game sadly no longer with us. pic.twitter.com/08BrEUyoad — At The Races (@AtTheRaces) May 29, 2022 9 Derby wins 8 St Legers 6 Oaks 5 2000 Guineas 2 1000 Guineas 1 icon. Lester Piggott pic.twitter.com/ip1332PdOt — At The Races (@AtTheRaces) May 29, 2022 Lester Piggott, the legendary rider, has passed away at the age of 86. We send our deepest condolences to all his family and friends at this sad time. pic.twitter.com/DAYsOKzSDr — Great British Racing (@GBRacing) May 29, 2022 Legendary. Vale Lester Piggott. pic.twitter.com/0XfO7YWZ58 — HKJC Racing (@HKJC_Racing) May 29, 2022

Well you keep backing them. As for the filly being 3 months off three. You obviously haven't caught up with the change in the universal birth date. It naturally won't be 3 until November (6 months away) and officially 3 until 1 January which is 7 months away.

I'm saying her sectionals must have been very good for a 2yr old.

I agree. I think they are gone within a year. Harness is the next on the target list for the anti-everything mob. Then.....

The devil is in the detail on that "promise". It ain't what it seems when you look closer. Anyway what does it have to do with the Queensland Derby?

I'd say she is a special horse. Another All Star All Star in the making! Not bad times considering she would have run the fastest sectionals on the wettest part of the track. Mile Rate: 1-58.9 Last 800m: 56.6 Last 400m: 29.1